IRIS Accounts Production v23.4.0.336 03171980 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031719802022-12-31031719802023-12-31031719802023-01-012023-12-31031719802021-12-31031719802022-01-012022-12-31031719802022-12-3103171980ns15:EnglandWales2023-01-012023-12-3103171980ns14:PoundSterling2023-01-012023-12-3103171980ns10:Director12023-01-012023-12-3103171980ns10:Director22023-01-012023-12-3103171980ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103171980ns10:SmallEntities2023-01-012023-12-3103171980ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103171980ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103171980ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103171980ns10:FullAccounts2023-01-012023-12-3103171980ns10:CompanySecretary12023-01-012023-12-3103171980ns10:RegisteredOffice2023-01-012023-12-3103171980ns5:CurrentFinancialInstruments2023-12-3103171980ns5:CurrentFinancialInstruments2022-12-3103171980ns5:Non-currentFinancialInstruments2023-12-3103171980ns5:Non-currentFinancialInstruments2022-12-3103171980ns5:ShareCapital2023-12-3103171980ns5:ShareCapital2022-12-3103171980ns5:RevaluationReserve2023-12-3103171980ns5:RevaluationReserve2022-12-3103171980ns5:RetainedEarningsAccumulatedLosses2023-12-3103171980ns5:RetainedEarningsAccumulatedLosses2022-12-3103171980ns5:PlantMachinery2023-01-012023-12-3103171980ns5:MotorVehicles2023-01-012023-12-3103171980ns5:ComputerEquipment2023-01-012023-12-3103171980ns5:PlantMachinery2022-12-3103171980ns5:FurnitureFittings2022-12-3103171980ns5:MotorVehicles2022-12-3103171980ns5:ComputerEquipment2022-12-3103171980ns5:FurnitureFittings2023-01-012023-12-3103171980ns5:PlantMachinery2023-12-3103171980ns5:FurnitureFittings2023-12-3103171980ns5:MotorVehicles2023-12-3103171980ns5:ComputerEquipment2023-12-3103171980ns5:PlantMachinery2022-12-3103171980ns5:FurnitureFittings2022-12-3103171980ns5:MotorVehicles2022-12-3103171980ns5:ComputerEquipment2022-12-3103171980ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3103171980ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3103171980ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3103171980ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3103171980ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103171980ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3103171980ns5:RevaluationReserve2022-12-31
REGISTERED NUMBER: 03171980 (England and Wales)















PEARFERN LIMITED
TRADING AS
HODSON & KAUSS

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






PEARFERN LIMITED (REGISTERED NUMBER: 03171980)
TRADING AS HODSON & KAUSS






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


PEARFERN LIMITED
TRADING AS HODSON & KAUSS

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: K P Kauss
O K Kauss





SECRETARY: C Symonds





REGISTERED OFFICE: The Forge
Beels Road, Kiln Lane Industrial Estate
Stallingborough
Grimsby
N E Lincolnshire
DN41 8DN





REGISTERED NUMBER: 03171980 (England and Wales)

PEARFERN LIMITED (REGISTERED NUMBER: 03171980)
TRADING AS HODSON & KAUSS

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,652 80,088

CURRENT ASSETS
Stocks 5 29,000 62,367
Debtors 6 272,858 320,774
Cash at bank 7,498 33,338
309,356 416,479
CREDITORS
Amounts falling due within one year 7 210,741 251,622
NET CURRENT ASSETS 98,615 164,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,267

244,945

CREDITORS
Amounts falling due after more than one
year

8

(82,423

)

(109,616

)

PROVISIONS FOR LIABILITIES (23,114 ) (20,022 )
NET ASSETS 114,730 115,307

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 4,192 4,192
Retained earnings 110,438 111,015
SHAREHOLDERS' FUNDS 114,730 115,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PEARFERN LIMITED (REGISTERED NUMBER: 03171980)
TRADING AS HODSON & KAUSS

BALANCE SHEET - continued
31ST DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th March 2024 and were signed on its behalf by:




K P Kauss - Director



O K Kauss - Director


PEARFERN LIMITED (REGISTERED NUMBER: 03171980)
TRADING AS HODSON & KAUSS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Pearfern Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - Straight line over 5 years
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PEARFERN LIMITED (REGISTERED NUMBER: 03171980)
TRADING AS HODSON & KAUSS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 110,297 596 110,103 9,981 230,977
Additions 33,897 - 37,820 605 72,322
Disposals (14,700 ) - (30,550 ) - (45,250 )
At 31st December 2023 129,494 596 117,373 10,586 258,049
DEPRECIATION
At 1st January 2023 77,397 596 63,639 9,257 150,889
Charge for year 9,035 - 15,265 370 24,670
Eliminated on disposal (8,820 ) - (30,342 ) - (39,162 )
At 31st December 2023 77,612 596 48,562 9,627 136,397
NET BOOK VALUE
At 31st December 2023 51,882 - 68,811 959 121,652
At 31st December 2022 32,900 - 46,464 724 80,088

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st January 2023 51,595
Additions 37,820
At 31st December 2023 89,415
DEPRECIATION
At 1st January 2023 6,732
Charge for year 13,872
At 31st December 2023 20,604
NET BOOK VALUE
At 31st December 2023 68,811
At 31st December 2022 44,863

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 21,000 46,067
Work-in-progress 8,000 16,300
29,000 62,367

PEARFERN LIMITED (REGISTERED NUMBER: 03171980)
TRADING AS HODSON & KAUSS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 219,725 316,128
Other debtors 53,133 4,646
272,858 320,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 34,000 34,000
Hire purchase contracts 24,072 16,394
Trade creditors 117,201 138,066
Taxation and social security 27,532 34,172
Other creditors 7,936 28,990
210,741 251,622

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 48,167 82,167
Hire purchase contracts 34,256 27,449
82,423 109,616

9. RESERVES
Revaluation
reserve
£   
At 1st January 2023
and 31st December 2023 4,192